angeles als strong, and san francisco has been strong for a while, washington d.c. is strong as well. all those have high populated areas, and significant barriers to entry in terms of availability of land, and highly regulated environments,nly thing to materia is multifamily, and that i inventory that got sold quickist, during the recession, post recession, were unsoil condos -- unsold condos that is not surprising. melissa: does that meaean if you are an investor you want to get into renting and apartment, the single family is not where it is at? >> there a still opportunities, you don't see as much momentum right now. in -- will where you wanto go, is one in tse gateway markets there will be subub side -- upside, none have come back to prerecession prices, rel estate over 10 years will out for form inflation on an annualized basis, we have still, all appreciation that get to to us a recoveryack to where we were in 2007, about 6 years of appreciation since then. there is a lot of room to grow in all sectors of the market, but especially those areas. melissa: to de